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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 75,029 $ 2,208
Restricted cash 4,336 605
Marketable securities – at fair value 116,589 1,032
Accounts receivable, net 8,206 4,132
Inventories 40,985 11,202
Other current assets 4,705 6,679
Total Current Assets 249,850 25,858
Marketable securities – at fair value 1,941 0
Property and equipment, net 22,628 1,868
Capitalized website and internal-use software costs, net 13,716 0
Lease vehicles, net 1,596 173
Other assets 558 299
Total Assets 290,289 28,198
Current Liabilities:    
Long-term debt, current 509 6,370
Floorplan notes payable 27,815 6,039
Accounts payable 6,352 6,283
Accrued transaction expenses 0 6,052
Accrued expenses 14,428 3,563
Accrued expenses – related party 0 5,082
Other current liabilities 754 256
Total Current Liabilities 49,858 33,645
Long-term debt, less current portion 12,206 2,999
Redeemable convertible preferred stock tranche obligation 0 2,832
Earnout shares liability 7,679 0
Other liabilities 744 1,959
Total Liabilities 76,778 41,435
Commitments and Contingencies (Note 15) 0 0
Stockholders’ Equity (Deficit):    
Common stock, $0.0001 par value; 500,000,000 authorized shares, 113,996,401 and 58,621,042 shares issued and outstanding at December 31, 2021 and December 31, 2020 11 6
Additional paid-in capital 287,509 20,779
Accumulated deficit (73,916) (34,037)
Accumulated other comprehensive (loss) income (93) 15
Total Stockholders’ Equity (Deficit) 213,511 (13,237)
Total Liabilities and Stockholders’ Equity (Deficit) 290,289 28,198
Merger warrants liability    
Current Liabilities:    
Merger warrants liability $ 6,291 $ 0